Seaboard (NYSEAMERICAN:SEB) Sets New 52-Week High – What’s Next?

Seaboard Corporation (NYSEAMERICAN:SEB)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $5,050.00 and last traded at $4,919.46, with a volume of 22520 shares traded. The stock had previously closed at $4,876.67.

Seaboard Price Performance

The company’s fifty day moving average is $4,530.27 and its two-hundred day moving average is $3,904.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.49 and a current ratio of 2.44. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 12.03 and a beta of 0.36.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $113.71 earnings per share (EPS) for the quarter. The firm had revenue of $2.54 billion during the quarter. Seaboard had a return on equity of 8.21% and a net margin of 4.04%.

Hedge Funds Weigh In On Seaboard

A number of institutional investors and hedge funds have recently bought and sold shares of SEB. Allworth Financial LP purchased a new stake in shares of Seaboard during the second quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in Seaboard by 160.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Seaboard by 37.5% during the 4th quarter. Farther Finance Advisors LLC now owns 22 shares of the company’s stock worth $98,000 after buying an additional 6 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Seaboard by 20.0% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock worth $103,000 after buying an additional 6 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Seaboard by 328.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 30 shares of the company’s stock worth $109,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.